Oct. 28 (Bloomberg) -- Chrysler Group LLC, the U.S. automaker majority-owned by Fiat SpA, said its labor costs under a new four-year contract with the United Auto Workers will be competitive at about $51 an hour.
The automaker described the total hourly cost of wages and benefits in a slide as part of its third-quarter earnings conference call. The union announced Oct. 26 that members had ratified the contract. Auburn Hills, Michigan-based Chrysler said the labor costs are competitive with U.S. auto factories owned by international rivals.
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